Crypto portfolio update

Exposure: 28.4%

Net return: 625.0%

Comments: The macro environment has eased, with the US Dollar Index and bond markets pulling back significantly from prior extreme levels:

As expected, this has led some to call for yet another bear market bottom though the voices have grown noticeably softer after repeated failed calls:

Ironically, there's now a higher chance that we might be near a local bottom.

After all, prices are now significantly lower and the Fed has recently signalled the slowing down of rate hikes.

So the landscape looks - in spite of the recent FTX collapse - to finally be changing.

And though I don't necessarily think the final bottom is in, I believe a case can be made for a decent bounce from current levels.

Accordingly, I've started to dip my toes into the water and have begun deploying a portion of my stables.

After waiting patiently for months, I'm starting to take on some risk again.

Current allocation:

Admin update

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 Quote of the week

When feedback is immediate, clear, and concrete, people learn quickly.
When feedback is delayed, abstract, and opaque, people rarely learn.

- James Clear

 The Liver King Lie

Charlatans exist in many industries, not just in crypto.

Here's a video that exposes one such pretender in the fitness industry. If you pay attention, you can learn many of the same lessons.

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

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